BCHN.L vs. ALTBG.PA

Last updated Jun 5, 2026

BCHN.L (Invesco Elwood Global Blockchain Ucits ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ALTBG.PA (The Blockchain Group) is a stock. At a 0.27 correlation, their price movements are largely independent.

Performance

BCHN.L vs. ALTBG.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and The Blockchain Group (ALTBG.PA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BCHN.L is traded in USD, while ALTBG.PA is traded in EUR. To make them comparable, the ALTBG.PA values have been converted to USD using the latest available exchange rates.

Returns By Period

BCHN.L

• 1D: -2.12%
• 1M: 10.57%
• YTD: 25.82%
• 6M: 16.47%
• 1Y: 61.23%
• 3Y*: 45.96%
• 5Y*: 11.36%
• 10Y*: —

ALTBG.PA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCHN.L vs. ALTBG.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BCHN.L Invesco Elwood Global Blockchain Ucits ETF	25.82%	45.50%	8.68%
ALTBG.PA The Blockchain Group	0.00%	952.06%	108.68%

Correlation

The correlation between BCHN.L and ALTBG.PA is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jul 29, 2024	0.27

The correlation between BCHN.L and ALTBG.PA shifts across timeframes, from 0.08 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BCHN.L vs. ALTBG.PA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCHN.L

BCHN.L Risk / Return Rank: 39
BCHN.L Sharpe Ratio Rank: 44
BCHN.L Sortino Ratio Rank: 43
BCHN.L Omega Ratio Rank: 39
BCHN.L Calmar Ratio Rank: 40
BCHN.L Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCHN.L vs. ALTBG.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and The Blockchain Group (ALTBG.PA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BCHN.L	ALTBG.PA	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	2.13	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.93	—	—
Martin ratio: Return relative to average drawdown	4.05	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BCHN.L	ALTBG.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	—	—

Drawdowns

Drawdown Indicators

	BCHN.L	ALTBG.PA	Difference
Max Drawdown Largest peak-to-trough decline	-61.69%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-31.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.11%	—	—
Current Drawdown Current decline from peak	-4.60%	—	—
Average Drawdown Average peak-to-trough decline	-23.68%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.09%	—	—

Volatility

Volatility by Period

	BCHN.L	ALTBG.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.82%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.68%	—	—

Dividends

BCHN.L vs. ALTBG.PA - Dividend Comparison

Neither BCHN.L nor ALTBG.PA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCHN.L and ALTBG.PA in my portfolio?

BCHN.L and ALTBG.PA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.